OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system. Source: https://cointelegraph.com/news/okex-embraces-brazil-s-official-fast-payments-system-pix-as-cbdc-draws-nearer

Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry. Source: https://cointelegraph.com/news/nvidia-reports-record-earnings-claims-it-s-hard-to-determine-impact-of-crypto-miners

Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. Source: https://cointelegraph.com/news/amid-rising-stablecoin-inflow-cautious-traders-fear-a-dead-cat-bounce

Traders are clearly nervous after XRP corrected by 54%, and the futures open interest premium flipped negative. Source: https://cointelegraph.com/news/who-s-bullish-now-xrp-below-1-futures-open-interest-down-by-75

DeFi darlings and blue-chip token values fall more than 60% as the crypto market sell-off pushes the total TVL below $100 billion. Source: https://cointelegraph.com/news/defi-token-prices-obliterated-as-bitcoin-sell-off-knocks-tvl-under-100b

One of the catalysts that may have caused the plunge again takes to Twitter. Source: https://cointelegraph.com/news/after-market-wide-meltdown-elon-musk-voices-tepid-support-for-crypto

Persistent struggles with high fees and network congestion have allowed layer-one solutions like Polkadot, Solana and Cosmos to become established competitors. Source: https://cointelegraph.com/news/altcoin-roundup-bitcoin-price-crash-is-a-reminder-to-put-fundamentals-over-fear

A breakdown of major regulatory announcements in China after latest warning, and a major event at the Shanghai Belagio for the blockchain scene Source: https://cointelegraph.com/news/shanghai-man-china-s-annual-ban-explained-crypto-crash-trending-and-more

Price dislocations between futures and spot markets led altcoins like ETH, LTC and SUSHI to trade up to 43% below their index price in spot markets. Source: https://cointelegraph.com/news/futures-markets-rocked-as-perpetual-contracts-traded-30-below-index-price

CELO price gained 50% ahead of the network’s May 19 ‘Donut’ hardfork which will help increase interoperability and lower gas fees. Source: https://cointelegraph.com/news/celo-rallies-50-as-excitement-builds-for-the-upcoming-donut-hardfork